Objectively intelligent.

[LessinSF]

Originally Posted by Tyrone Slothrop

Interesting. Neither is creating value, but that suggests that buybacks squander it. I gather that some companies don't like paying dividends because they think investors will expect them regularly. Maybe they prefer buybacks as a one-time thing?

To me, it is mostly point no. 1 iat the end of this article. Insiders benefit at the expense of everyday shareholders, and that incentivizes bad decision making by management. https://seekingalpha.com/article/425...s-vs-dividends